Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
REGISTERED CHARITY NUMBER: 1090962
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
FOR
THE JEWELL BEQUEST CHARITABLE TRUST
bk plus Limited Chartered Certified Accountants 44 Grand Parade Brighton East Sussex BN2 9QA
Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
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Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities 12
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the charity is to provide for the benefit of pupils in Chailey Heritage School, including their educational and health needs.
There have been no major changes in these policies in the current year.
At present there is no dependence on volunteers, or other donations in kind.
Public benefit
From 1 April 2008 section 4 of the Charities Act 2006 requires all charities to meet the legal requirement that it aims are for the public benefit. The Charity Commission in its 'Charities and Public Benefit' guidance states that there are two key principles to be met in order to show that an organisation's aims are for the public benefit: firstly there must be an identifiable benefit and secondly the benefit must be to the public or a section of the public.
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Commission in determining the activities undertaken by the charity. The Trustees are satisfied that the aims and objectives of the charity, and the activities reported on above to achieve those aims, meet these principles.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Jewell Bequest Charitable Trust mainly supports the cost associated with employing our Family Liaison Worker, who provides support to parents and carers of children at Chailey Heritage School, particularly when they first arrive at school and during times of transition between departments. The support from professionals who are not directly involved in a child's care is very much appreciated and valued by the parents/carers. They assist with understanding reports/forms and in communicating parents'/carers' views at reviews or meetings. Helping prepare for and attending meetings with parents/carers such as health reviews, annual reviews and multi-disciplinary reviews is a major part of this role, as well as supporting parents/carers with upcoming tribunals.
This year, the Family Liaison Worker has also concentrated on the helping families navigate the complexities of Continuing Healthcare assessments and reviews to ensure they receive respite care. One of the parents emailed to say,
"I'm really pleased to share that social services have officially reinstated (my daughter's) care. They have finally agreed to increase support to three nights a week, along with 12 days of holiday club funding. I wanted to keep you both updated and, more importantly, to thank you again for all your support. I genuinely couldn't have managed some of those conversations with (social worker) without your help, it was such a difficult experience and your support meant so much."
The Family Liaison Worker has also worked with four families whose children have transitioned from being day pupils to full-time residents on the bungalows.
A new initiative was started this year with the launch of Siblings Day, giving an opportunity for siblings of pupils at the school a chance to meet, share experiences whilst enjoying a variety of activities including cooking, football and laser tag. We aim to run a number of these days each year, and they are growing in popularity.
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
ACHIEVEMENTS AND PERFORMANCE Investment performance
At year end, the portfolio was valued at £1,341,964 compared to £1,298,644 at 31.8.24. 2024/25 turned out to be a good year for returns, despite the mixed news flow over the year, volatility in the market and the stressed conditions seen early in the year when President Trump's tariff rhetoric was in full flow.
Trustees will continue to work closely with the investment manager to monitor the situation and take appropriate action to protect the income.
FINANCIAL REVIEW
Reserves policy
Unless there are exceptional circumstances, the Trustees seek to maintain the value of the original endowment. The annual income from investing the endowment is used to fund current charitable activities and the priority is the salary for the Family Liaison Worker.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Structure, Governance and Management
The Jewell Bequest Charitable Trust is a registered charity which was established by a scheme agreed by the Charity Commission, effective from 26 June 2000. The charity was established from a legacy in the Will of Marion Tinsley Jewell.
There are four ex officio trustees who are office holders of certain posts at Chailey Heritage Foundation (of which Chailey Heritage School is part) and The Sussex Community NHS Foundation Trust (formerly South Downs Health NHS Trust) and two nominated trustees. One of the nominated trustees is appointed by the trustees of Chailey Heritage Foundation and the other by the Sussex Community NHS Foundation Trust or its successor body.
In addition, the trustees may co-opt one trustee. The co-opted and nominated trustees are appointed for a period of four years.
During the year, the Trustees have reviewed the current Scheme with a lawyer and have applied to the Charity Commission with a new modernised Scheme. At the date of writing this report, the Trustees are waiting for a response from the Commission.
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities for the period and of its financial position at the end of the period. In preparing those financial statements, the trustees are required to:-
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The trustees are responsible for:
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keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity; and
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safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1090962
Principal address Chailey Heritage Foundation North Chailey Lewes East Sussex BN8 4EF
Trustees Mrs J Clark Mr R Green Mr G Germer Ms S Shelton Independent Examiner Dr Shona F Wardrop C.A. bk plus Limited Chartered Certified Accountants 44 Grand Parade Brighton East Sussex BN2 9QA Bankers NatWest Bank PLC Brighton Town Centre Unit 40, 56 Churchill Square Brighton BN1 2ES Investment Managers Brewin Dolphin 12 Smithfield Street London EC1A 9BD 02 June 2026
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ G M Germer - Trustee
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JEWELL BEQUEST CHARITABLE TRUST
Independent examiner's report to the trustees of The Jewell Bequest Charitable Trust
I report to the charity trustees on my examination of the accounts of The Jewell Bequest Charitable Trust (the Trust) for the year ended 31 August 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Dr Shona F Wardrop C.A. The Institute of Chartered Accountants of Scotland
bk plus Limited Chartered Certified Accountants 44 Grand Parade Brighton East Sussex BN2 9QA
02 June 2026
Date: .............................................
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Raising funds 3 Charitable activities Charitable activites Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 35,836 8,163 34,740 42,903 - (7,067) 40,235 33,168 |
Endowment fund £ - - - - 52,175 52,175 1,339,519 1,391,694 |
2025 Total funds £ 35,836 8,163 34,740 42,903 52,175 45,108 1,379,754 1,424,862 |
2024 Total funds £ 35,934 |
|---|---|---|---|---|
| 8,643 18,599 |
||||
| 27,242 | ||||
| 127,723 | ||||
| 136,415 1,243,339 |
||||
| 1,379,754 |
The notes form part of these financial statements
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
BALANCE SHEET
31 AUGUST 2025
| Notes FIXED ASSETS Investments 6 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds Endowment funds TOTAL FUNDS |
Unrestricted fund £ - 33,168 - 33,168 33,168 33,168 |
Endowment fund £ 1,341,964 87,539 (37,809) 49,730 1,391,694 1,391,694 |
2025 Total funds £ 1,341,964 120,707 (37,809) 82,898 1,424,862 1,424,862 33,168 1,391,694 1,424,862 |
2024 Total funds £ 1,298,644 84,954 (3,844) 81,110 1,379,754 1,379,754 40,235 1,339,519 1,379,754 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 02 June 2026
............................................. G M Germer - Trustee
The notes form part of these financial statements
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Permanent endowment funds are held as capital and classified as permanent on the condition that the capital will not be spent and consist of stocks and shares. Income is taken to unrestricted funds, and can be used at the trustees' discretion on its charitable objectives.
2. INVESTMENT INCOME
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Listed investments | 35,836 | 35,934 |
continued...
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
3. RAISING FUNDS
Investment management costs
| Investment management costs | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Portfolio management | 8,163 | 8,643 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Raising funds Charitable activities Charitable activites Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 35,934 8,643 18,599 27,242 - 8,692 31,543 40,235 |
Endowment fund £ - - - - 127,723 127,723 1,211,796 1,339,519 |
Total funds £ 35,934 |
|---|---|---|---|
| 8,643 18,599 |
|||
| 27,242 | |||
| 127,723 | |||
| 136,415 1,243,339 |
|||
| 1,379,754 |
continued...
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
6. FIXED ASSET INVESTMENTS
Investment assets are held as follows:
| Investment assets are held as follows: | |||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Investment assets in the UK | 396,635 | 425,739 | |
| Investment assets outside the UK | 945,329 | 872,905 | |
| 1,341,964 | 1,298,644 | ||
| Investment assets are further analysed between: | |||
| Investments listed on a recognised stock exchange | 1,320,800 | 1,283,896 | |
| Cash held by brokers | 21,164 | 14,748 | |
| 1,341,964 | 1,298,644 | ||
| Investments at cost | 1,175,060 | 1,146,294 | |
| 2025 | |||
| £ | |||
| Market value at 01.09.24 | 1,298,644 | ||
| Additions at cost | 234,433 | ||
| Disposals proceeds | (249,703) | ||
| Increase/(Decrease) in cash balances | 6,415 | ||
| 1,289,789 | |||
| Net gain/(loss) on disposals and on revaluation at 31.08.25 | 52,175 | ||
Market value at 31.08.25 |
1,341,964 |
No investments individually make up more than 5% of the total market value of investments at 31.08.25.
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
8.
| Accruals and deferred income MOVEMENT IN FUNDS Unrestricted funds General fund Endowment funds Permanent Endowment Funds TOTAL FUNDS |
At 1/9/24 £ 40,235 1,339,519 1,379,754 |
2025 £ 37,809 Net movement in funds £ (7,067) 52,175 45,108 |
2024 £ 3,844 At 31/8/25 £ 33,168 1,391,694 |
2024 £ 3,844 |
|---|---|---|---|---|
| 1,424,862 |
continued...
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 35,836 Endowment funds Permanent Endowment Funds - TOTAL FUNDS 35,836 Comparatives for movement in funds Unrestricted funds General fund Endowment funds Permanent Endowment Funds TOTAL FUNDS |
Resources expended £ (42,903) - (42,903) At 1/9/23 £ 31,543 1,211,796 1,243,339 |
Gains and losses £ - 52,175 52,175 Net movement in funds £ 8,692 127,723 136,415 |
Movement in funds £ (7,067) 52,175 45,108 At 31/8/24 £ 40,235 1,339,519 1,379,754 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Endowment funds Permanent Endowment Funds TOTAL FUNDS |
Incoming resources £ 35,934 - 35,934 |
Resources expended £ (27,242) - (27,242) |
Gains and Movement losses in funds £ £ - 8,692 127,723 127,723 127,723 136,415 |
|---|---|---|---|
continued...
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
9. RELATED PARTY DISCLOSURES
During the year payments of £32,876 were made to Chailey Heritage Foundation of which Jennifer Clark is a trustee.
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Docusign Envelope ID: FAB2AA1A-E4EC-8714-81C8-FD3301EA669D
THE JEWELL BEQUEST CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Listed investments | 35,836 | 35,934 |
| Total incoming resources | 35,836 | 35,934 |
| EXPENDITURE | ||
| Investment management costs | ||
| Portfolio management | 8,163 | 8,643 |
| Charitable activities | ||
| Sundries | - | 679 |
| Family liaison worker | 32,876 | 14,512 |
| Secretarial services | - | 730 |
| 32,876 | 15,921 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 1,864 | 2,678 |
| Total resources expended | 42,903 | 27,242 |
| Net (expenditure)/income before gains and | ||
| losses | (7,067) | 8,692 |
| Realised recognised gains and losses | ||
| Gains/(losses) on fixed asset investments | 52,175 | 127,723 |
| Net income | 45,108 | 136,415 |
This page does not form part of the statutory financial statements
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